DIAZ ANNOUNCES MACKLIN ACQUISITION & UPDATES LLOYDMINSTER HEAVY OIL
DEVELOPMENT

CALGARY, Sept. 30 /CNW/ - Diaz Resources Ltd. (TSX: DZR) is pleased to announce that it has acquired a 45% working interest in a Dina heavy oil property located at Macklin, Saskatchewan.

The property comprises 3,770 acres and includes four shut-in Dina horizontal oil wells, a water disposal well and 7 square miles of 3D seismic.

Diaz plans to reactivate the horizontal oil wells and evaluate the 3D seismic for future development.

At Lloydminster, Alberta Diaz has taken over operatorship of the three wells drilled by Diaz's partner in early 2010. The three wells are producing at an average rate of 60 Bopd, bringing the gross production in section 18-48-1 W4 to 265 Bopd.

Diaz has a 50 % working interest in section 18-48-1 W4 which now has 7 producing horizontal oil wells. Diaz plans to drill a water disposal well and two more horizontal heavy oil wells in section 18-48-1 W4 in 2010.

Diaz is an oil and gas exploration and production company based in Calgary, Alberta. Diaz's current focus is on oil development and exploration in Alberta and Saskatchewan.

TSX: DZR

ADVISORY: This press release contains forward looking statements. Although Diaz believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Diaz can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

The forward looking statements contained in this press release are made as of the date hereof and Diaz undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

NEITHER THE TORONTO STOCK EXCHANGE NOR ITS REGULATION SERVICES PROVIDER

(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TORONTO STOCK EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information: Robert W. Lamond, Chairman - or - Donald K. Clark, Chief Operating Officer, DIAZ RESOURCES LTD., Telephone: [phone], Fax: [phone], Website: www.diazresources.com, Email: [email protected]